Bulbs.com, an online distributor of light bulbs, starts to sell the new award winning Philips L Prize 10-watt LED light bulb that is designed to replace most standard 60-watt incandescent light bulbs.

As the only winner of the prestigious L Prize - a US Department of Energy sponsored competition designed to spur development of ultra-efficient solid-state lighting products, the Philips 10 watt LED bulb is capable of producing more than 900 lumens and also has a 25,000-hour life, saving up to 80% in energy costs.